We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Which way do i jump
Comments
-
You would need the full time job before you applied for the mortgage.
I don't know how comfortable I would be with a mortgage of 5 times my salary as a single person, but that is just my opinion.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Situation has changed completely. All offers have been withdrawn and he has arranged an iva. Where does this leavr me?0
-
If neither of you can afford to pay the difference between the sale price and the mortgage, the property can't be sold. So you are left paying the mortgage.
Check if you are entitled to any help with the interest payments from any government mortgage interest scheme.
Your husband is unlikely to be able to take on the mortgage on his own if his credit rating is low (and needing an IVA suggests this). You probably don't earn enough on paper to take the mortgage on your own.
So the house will remain in joint names. You carry on paying the mortgage with whatever help you can get from your ex.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards